As CMOs gain more power in the boardroom — and over technology spend — it will be critical that they understand the factors that drive success. As Jerret West, vice president of Marketing at Netflix, said, “We have to look for ways to combine creativity and technology with an understanding of how the business fits into the overarching customer experience. We have to think and act like CEOs.”

This describes the new world of marketing we live in today. And in this new world, new rules apply. CMOs who get on board will find amazing growth potential. Those that keep repeating strategies from yesterday’s playbooks are bound to fall by the wayside. To avoid going down that path, here are five keys to get started...